Shakeout or Fakeout?

ORIGINAL POST:  9:00 AM There comes a time in the construction of every channel when the market either obeys a presumed channel boundary, morphs it into something else or breaks it entirely. We’ve had a very well-behaved channel off the 1266 bottom on June 4.  I’ve had to make small adjustments to the channel on … continue reading →

Holding On

Sorry about the GoDaddy issues this morning.  Guess I need to add changing web hosting services to my to-do list this weekend.  To make matters worse, the guy helping me get the site up again kept wasting time trying to sell me on a longer-term contract.  As if! SPX is clinging to its channel — … continue reading →

They’re Back

ORIGINAL POST:  10:00 AM I’m reminded of the guy who fell off the roof of a 20-story building.  With each window he passed, people inside heard him call out “so far, so good.” We’re still in this crazy channel/rising wedge to who-knows-where, and, well…so far, so good.  Just hope it doesn’t end with a dull … continue reading →